Business & Money | Wednesday 14 October, 2026 8:00 am

Dubai CommerCity and Tencent Cloud strengthen digital economy competitiveness, accelerate digital commerce growth

Dubai CommerCity (DCC), the first and leading free zone dedicated to e-commerce in the MENA region, and a joint venture between Dubai Integrated Economic Zones Authority (DIEZ) and Wasl Group, has signed a partnership agreement with Tencent Cloud, to provide advanced cloud and digital solutions and ...

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Business & Money | Wednesday 14 October, 2026 8:00 am

Sharjah Islamic Bank reports AED 1.2bn net profit for first nine months of 2026, up 9%

Sharjah Islamic Bank (SIB) continued to deliver strong financial performance during the first nine months of 2026, recording growth in net profit, supported by higher income from financing and investment activities, business expansion and improved operating efficiency. This was achieved alongside...

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Business & Money | Wednesday 14 October, 2026 8:00 am

Ahmed bin Mohammed attends graduation of 3rd cohort of Dubai Family Business Management Programme graduation

H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, attended the graduation of the third cohort of the Dubai Family Business Management Programme. Organised by the Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, and in...

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Business & Money | Wednesday 14 October, 2026 8:00 am

CBUAE, National Bank of Georgia sign MoU to strengthen financial and supervisory cooperation

The Central Bank of the United Arab Emirates (CBUAE) and the National Bank of Georgia (NBG) have signed a Memorandum of Understanding (MoU) to strengthen financial and supervisory cooperation and facilitate the exchange of information and expertise in central banking. The MoU aims to support...

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Business & Money | Wednesday 14 October, 2026 8:00 am

Saudi Steel Pipe wins SAR 177M contract from Aramco

Saudi Steel Pipe Co. was awarded today, Oct. 13, a contract from Saudi Aramco to supply steel pipes for the oil and gas applications, at an estimated value of SAR 177 million. In a statement to Tadawul, the company said the contract involves a purchase order for the supply of steel pipes for...

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Business & Money | Wednesday 14 October, 2026 8:00 am

Acwa explores 4.5GW renewable energy project in Mongolia for power exports to China

ACWA Power Co. (Acwa) signed a cooperation memorandum with Mongolia’s Sun Step Power to explore opportunities to develop and generate renewable electricity in Mongolia for export to China. According to an official statement, the memorandum also covers opportunities to store solar and wind...

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Business & Money | Wednesday 14 October, 2026 8:00 am

Saudi Cabinet approves Trade Authority Merger

Saudi Arabia’s Cabinet, chaired by Crown Prince and Prime Minister Mohammed bin Salman, approved the merger of the General Authority for Foreign Trade and the Saudi Export Development Authority into a single entity named the General Authority for Foreign Trade and Export, directing the...

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Business & Money | Wednesday 14 October, 2026 8:00 am

RCRC signs contracts to purchase 94 new trains; deliveries to begin in 2028

The Royal Commission for Riyadh City (RCRC) signed contracts to purchase and manufacture 94 new trains as the first phase of expanding the Riyadh Metro fleet. The expansion will increase the network’s fleet from 183 to 277 trains, with deliveries of the new trains scheduled to begin in...

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Business & Money | Tuesday 13 October, 2026 8:00 am

CBUAE to organise annual UAE Banks Reception in Bangkok

The Central Bank of the UAE (CBUAE), in collaboration with the Ministry of Finance and the UAE Banks Federation (UBF), will organise the 2026 Annual UAE Banks Reception on Thursday, 15 October, in Bangkok, Thailand, during the Annual Meetings of the International Monetary Fund (IMF) and the World...

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Business & Money | Tuesday 13 October, 2026 8:00 am

The UAE’s Net Wealth Reaches $3.6 Trillion in 2025 and is Expected to Approach $6 Trillion by 2030, BCG Report Finds

 The UAE’s net wealth grew by 12.7% between 2024 and 2025, rising from $3.2 trillion to $3.6 trillion, according to Boston Consulting Group’s (BCG) Global Wealth Report 2026: The Great Reordering. Total Net wealth is forecast to reach $6 trillion by 2030, with a CAGR of...

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